1|Page
Certified Home Care & Hospice Executive (CHCE)
Verified Exam Actual Test Questions and Correct
Answers With Rationales||Newest Exam!!!
1.
The amount of money spent on medical supplies in a
particular month would appear on which financial report?
A.
Income statement
B.
Balance sheet
C.
Cash flow statement
D.
Operating budget - Answer-A. Income Statement
2.
The reimbursed expenses for travel related to continuing
education annually are shown on which financial report?
A.
Balance sheet
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B.
Cash flow statement
C.
Operating budget
D.
Income statement - Answer-D. Income Statement
3.
The amount of money invested in short-term financial
instruments is reported in an organization's __________.
A.
Income statement
B.
Cash flow statement
C.
Balance sheet
D.
Operating budget - Answer-C. Balance Sheet
4.
,3|Page
The total of accounts receivable—money owed to the
organization for services already performed—is reported
in which financial report?
A.
Balance sheet
B.
Income statement
C.
Cash flow statement
D.
Operating budget - Answer-A. Balance Sheet
5.
The three main categories of financial metrics used for
business operations monitoring measure an organization's
capital position, profitability, and __________.
A.
Risk exposure
B.
Liquidity
C.
, 4|Page
Speed of business
D.
Stability - Answer-B. Liquidity
6.
An operating margin ratio is calculated by __________.
A.
Dividing current assets by current liabilities
B.
Adding depreciation to net operating income and dividing
by resident days
C.
Dividing cash and cash equivalents by operating expenses
less depreciation and then dividing by 365 days
D.
Subtracting expenses from revenues and then dividing by
revenues - Answer-D. Subtracting expenses from
revenues and then dividing by revenues
7.
Certified Home Care & Hospice Executive (CHCE)
Verified Exam Actual Test Questions and Correct
Answers With Rationales||Newest Exam!!!
1.
The amount of money spent on medical supplies in a
particular month would appear on which financial report?
A.
Income statement
B.
Balance sheet
C.
Cash flow statement
D.
Operating budget - Answer-A. Income Statement
2.
The reimbursed expenses for travel related to continuing
education annually are shown on which financial report?
A.
Balance sheet
,2|Page
B.
Cash flow statement
C.
Operating budget
D.
Income statement - Answer-D. Income Statement
3.
The amount of money invested in short-term financial
instruments is reported in an organization's __________.
A.
Income statement
B.
Cash flow statement
C.
Balance sheet
D.
Operating budget - Answer-C. Balance Sheet
4.
,3|Page
The total of accounts receivable—money owed to the
organization for services already performed—is reported
in which financial report?
A.
Balance sheet
B.
Income statement
C.
Cash flow statement
D.
Operating budget - Answer-A. Balance Sheet
5.
The three main categories of financial metrics used for
business operations monitoring measure an organization's
capital position, profitability, and __________.
A.
Risk exposure
B.
Liquidity
C.
, 4|Page
Speed of business
D.
Stability - Answer-B. Liquidity
6.
An operating margin ratio is calculated by __________.
A.
Dividing current assets by current liabilities
B.
Adding depreciation to net operating income and dividing
by resident days
C.
Dividing cash and cash equivalents by operating expenses
less depreciation and then dividing by 365 days
D.
Subtracting expenses from revenues and then dividing by
revenues - Answer-D. Subtracting expenses from
revenues and then dividing by revenues
7.
